Bangladesh's bulk scrap market has remained quite active over the last one month with several bulk vessel bookings for November and December shipments being concluded, despite of the ongoing uptrend in prices.
News ID: 7413 Publish Date : 2019/11/08
SteelMint learned from market participants that imported scrap prices to Turkey have slightly inched up in several deep-sea cargo bookings completed in the last few days. Amid tight material availability, the market expects the uptrend to continue for the medium term.
News ID: 7412 Publish Date : 2019/11/08
Imported scrap trades in India remained quite slow this week, with buying of Shredded scrap in particular remaining silent all through the week, SteelMint learnt from market participants. Although offers moved up for yet another week as global market continued its uptrend, however buyers remained less interested in limited inquiries witnessed.
News ID: 7409 Publish Date : 2019/11/08
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced a price hike for all grades of domestic steel scrap procurement by a significant margin, increasing its purchase price by RMB 80/MT (USD 11) effective from today 7th November’19. The price hike comes after 3 weeks of unchanged bids by the company.
News ID: 7408 Publish Date : 2019/11/07
SteelMint learned in recent conversations with market participants that the imported scrap offers to Pakistan have continued to move up this week with recent upsurge the global market. After remaining slow earlier in the previous week, trade activities have picked up . Local scrap and Billet prices moved up on increasing global scrap offers, while domestic steel demand remains low.
News ID: 7350 Publish Date : 2019/11/05
SteelMint learnt from market participants that imported scrap offers to Vietnam have seen a sharp rise in the last couple of weeks, in line with the uptrend at global levels. As offers of Japanese origin bulk cargoes have also gone up by upto USD 15/MT in the last 2 weeks amid recent rebound, trades have remained rather slow.
News ID: 7340 Publish Date : 2019/11/04
Imported scrap offers to India have continued to rise for another week following the global upside. SteelMint's assessment for imported scrap to India has increased by USD 10/MT W-o-W. No major deal for containers was reported this week due to mismatch in buyers’ bids and offers from suppliers.
News ID: 7335 Publish Date : 2019/11/01
Imported scrap trades to Bangladesh have turned very slow this week, with no major bookings being reported in the market, SteelMint learned from market participants. Offers to Bangladesh have marginally inched up while the global market has remained stable for over a week now. Although trades have remained limited in the previous few weeks, however, the recent fall in the local finished steel market amid subsided demand has aggravated the situation further.
News ID: 7299 Publish Date : 2019/10/31
A Chinese scrap association is lobbying the government to end a ban on ferrous scrap imports to help relieve a domestic shortage and lower steel mills' costs.
News ID: 7224 Publish Date : 2019/11/05
SteelMint learnt in recent conversations with market participants that the imported scrap offers to Pakistan have rallied up further this week after the global market continued to strengthen last week. Trades are yet to pick up after the recent uptrend, with buying activities remaining slow for the 3rd week in a row. Continued slow down in domestic steel market and ongoing 2-day strike has also kept most steel mills away from active procurement.
News ID: 7112 Publish Date : 2019/10/29
This week global billet market witnessed limited trades. Billet export offers from all the major markets witness a rise amid increase in Turkey’s imported scrap prices.
News ID: 7110 Publish Date : 2019/10/26
Imported scrap offers to India moved up slightly this week against last week's report, following Turkish price trend, SteelMint learned from industry participants. Trades remain less active in containerized markets before the festival.
News ID: 7093 Publish Date : 2019/10/25
China’s semi-finished steel surged in Sep’19 amid scrap ban. On 1st Jul'19, China's Ministry restricted imports of scrap with importers requiring proper permits.
News ID: 7088 Publish Date : 2019/10/24
Imported scrap offers to Bangladesh continued to rise sharply for yet another week, with the recent rise in the global market being reflected in offers to South Asia, SteelMint learnt from market participants. Trades in containers have turned slow over the last week, with uncertainty over the global trend as well as active bookings in the previous weeks, however as the market expects the prices to rise further in the winter months, buyers would look to actively restock in the coming weeks at favorable prices.
News ID: 7059 Publish Date : 2019/10/23
SteelMint learnt in recent conversations with market participants that Pakistan based steel mills have raised rebar offers this week by around PKR 1000/MT (USD 6) following hike in imported scrap prices. The imported scrap offers to Pakistan has continued to inch up over the last week following the rising global trend in recent bookings to Turkey. However, buying activities have been quite slow at high offers with few low quantity bookings getting concluded to maintain inventories. The domestic market is still facing slow demand on issues like cash flow and delayed projects.
News ID: 7048 Publish Date : 2019/10/22
Turkish imported scrap prices have continued to surge for another week with a couple of deep-sea bookings from Baltic origins being concluded at higher prices in the last few days, SteelMint learned from market participants. The Turkish market has been very active for scrap bookings since the last week even amid continuously rising offers from global suppliers over tight supply during winters.
News ID: 7047 Publish Date : 2019/10/22
Weakening Italian hot-rolled coil (HRC) prices weighed on the northwest European market today, as hungry mills in the south offered at competitive levels into the north.
News ID: 7033 Publish Date : 2019/10/29
Cut-throat competition from cheaper Asian imports has forced European stainless steel producers to seek record discounts for scrap feedstock, causing the market to deviate from the nickel price rally.
News ID: 6998 Publish Date : 2019/10/25
Bangladesh's bulk scrap market continues to remain active with the 3rd bulk cargo booking in Oct’19 being reported this week. Steel capacity ramp ups in the country are pushing ferrous scrap imports up in Bangladesh.
News ID: 6984 Publish Date : 2019/10/16
The spread between US prices for refined aluminum shredded product twitch and zorba, the scrap used to make it, has narrowed by 8¢/lb since the first week of the year, spelling tighter margins for heavy media separators across the country.
News ID: 6953 Publish Date : 2019/10/24